How startups help cities measure their economic development frontier
Thursday, October 24, 2019
The most prosperous American cities have been able to establish a foothold in innovative, technology-driven industries. This economic development path tends to be paved by young, high-growth companies that achieve technological breakthroughs, create new markets, and yield quality job growth. Iconic examples include Amazon in Seattle, Qualcomm in San Diego, and Epic Systems in Madison, Wis. More often, this development occurs via thousands of less recognizable 50- to 250-person companies whose growth enhances prosperity across the American landscape every year. As a result, cities and states have placed technology entrepreneurship at the center of their economic development strategies.